Target Corporation $TGT Position Lowered by Private Wealth Asset Management LLC

Private Wealth Asset Management LLC decreased its stake in shares of Target Corporation (NYSE:TGT) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,728 shares of the retailer’s stock after selling 286 shares during the period. Private Wealth Asset Management LLC’s holdings in Target were worth $1,354,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TGT. Brighton Jones LLC lifted its position in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Target during the first quarter worth about $436,000. Ritholtz Wealth Management lifted its position in shares of Target by 46.6% during the first quarter. Ritholtz Wealth Management now owns 6,752 shares of the retailer’s stock worth $705,000 after purchasing an additional 2,147 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new position in shares of Target during the first quarter worth about $221,000. Finally, Keystone Wealth Services LLC lifted its position in shares of Target by 8.1% during the first quarter. Keystone Wealth Services LLC now owns 2,929 shares of the retailer’s stock worth $306,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

TGT opened at $88.94 on Wednesday. The business’s 50 day moving average is $93.96 and its 200-day moving average is $96.65. The stock has a market cap of $40.41 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 2.54 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a twelve month low of $85.36 and a twelve month high of $161.50.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The company had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is 53.15%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $115.00 target price on shares of Target in a report on Thursday, August 21st. Truist Financial cut their target price on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. BTIG Research assumed coverage on shares of Target in a report on Tuesday. They issued a “neutral” rating on the stock. Finally, DA Davidson cut their target price on shares of Target from $115.00 to $108.00 and set a “buy” rating on the stock in a report on Monday. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $109.00.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.